EUR/USD Current Price: 1.4770

02 November 2009 @ 08:39 pm EDT

FXstreet.com (Buenos Aires) - EUR/USD Current Price: 1.4770. Pair remains inside a wide range with no clear bias coming form 1 hour charts. Hovering around 20 SMA, indicators are flat as market waits for next trigger to hit markets. With Japan closed for holiday, yet RBA raking rates decision, risk likely remain to be the main driver of the pair.

Above 1.4800 level, pair can retest yesterday's high zone that will need to clearly overcome to extend the upside.

"Bigger time frames however, point for some downside movements ahead that could accelerate under 1.4740 support," said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.4740 1.4710 1.4680. Resistance levels: 1.4810 1.4850 1.4890.

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